{"id":81535,"date":"2021-11-30T08:59:11","date_gmt":"2021-11-30T08:59:11","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/cfr-prices-logs-china-expected-rise-due-dropping-freight-rates-reduced-nz-supply\/"},"modified":"2025-09-19T08:56:33","modified_gmt":"2025-09-19T08:56:33","slug":"cfr-prices-logs-china-expected-rise-due-dropping-freight-rates-reduced-nz-supply","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/cfr-prices-logs-china-expected-rise-due-dropping-freight-rates-reduced-nz-supply\/","title":{"rendered":"CFR prices for logs in China expected to rise due to dropping freight rates and reduced NZ supply"},"content":{"rendered":"

The average price for logs in China has dropped about 30 USD per m3<\/sup>\u00a0(17%) in November. The price is still highly variable with some exporters achieving sales for A grade logs at 150 USD while others are 140 USD per m3<\/sup>.<\/p>\n

Although the China log market remains subdued, prices should increase in December due to ocean freight costs dropping 35% in the last month. Significantly reduced log supply from New Zealand should see CFR prices increase in China in January.<\/p>\n

There is an ongoing structural shift in the Chinese economy with the government looking to slow the property market and reduce debt levels, but as is often the case the market has overcorrected.<\/p>\n

Softwood inventory levels in China are flat at 4.8m m3<\/sup>\u00a0and daily offtake is steady at 75k per day. While this is the time of year we usually see daily offtake hit 100k per day, there will be over 2m m3<\/sup>\u00a0fewer logs supplied from New Zealand in November and December than usual. This is because many NZ forest owners have slowed or suspended harvest operations, and most continuing harvest operations will be taking an extended Christmas break this year.<\/p>\n

The Caixin China General Manufacturing PMI unexpectedly rose from 49.2 to 50.6 in October. This was on the back of a further recovery in domestic demand. Economists note the government needs to further address how to balance controlling Covid19 outbreaks with maintaining economic activity.<\/p>\n

If low harvest levels continue in New Zealand, there is likely to be a significant reduction in China log stocks and a shortfall of logs by the Chinese New Year in February. Much will depend on how the China property development sector recovers from its current situation.<\/p>","protected":false},"excerpt":{"rendered":"

The average price for logs in China has dropped about 30 USD per m3\u00a0(17%) in November. The price is still highly variable with some exporters achieving sales for A grade logs at 150 USD while others are 140 USD per … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":59478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4713,4716,4715,4714],"tags":[3254,3284,3382,3286],"class_list":["post-81535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-in-the-timber-industry","category-latest-trends","category-market-analysis","category-wood-industry-prices","tag-china","tag-logs","tag-new-zealand","tag-prices","topic-forestry","topic-industry-prices","topic-sawmilling","area-australia-and-pacific-region","area-china","area-europe","area-north-america","area-russia","area-south-america"],"acf":[],"yoast_head":"\nCFR prices for logs in China expected to rise due to dropping freight rates and reduced NZ supply - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/cfr-prices-logs-china-expected-rise-due-dropping-freight-rates-reduced-nz-supply\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CFR prices for logs in China expected to rise due to dropping freight rates and reduced NZ supply - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"The average price for logs in China has dropped about 30 USD per m3\u00a0(17%) in November. 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